Feb 13, 2012, 11:13 AM EDT
Ortiz filed for $16.5 million and the Red Sox submitted at $12.65 million, so the two sides settle at the exact midpoint. And at least they provided the Boston media with a story to write about for the past month.
By settling for $14.575 million rather than risking a potential $16.5 million decision the Red Sox may have created a bit more payroll flexibility. As for Ortiz, he gets a $2.075 million bump in salary following a season in which he hit .309 with 29 homers and a .953 OPS that’s his highest since 2007.
According to Rob Bradford of WEEI.com the settlement came when general manager Ben Cherington and agent Fernando Cuza negotiated in the hotel lobby where the hearing was to be held this afternoon.
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- Phillies officials “have contemplated the possibility of paying off” and releasing Ryan Howard 29
- The dizzying intellect of Tom Glavine 17
- Verducci: baseball should think about an “illegal defense” rule to combat shifts 158
- Chase Headley plays the hero in his first game in pinstripes 30
- And That Happened: Tuesday’s scores and highlights 29
- Rockies place Troy Tulowitzki on the disabled list 18
- Rob Manfred “heavily favored” to be Bud Selig’s replacement 29
- Verducci: baseball should think about an “illegal defense” rule to combat shifts (158)
- Luke Scott released from Korean team after calling coach a “liar” and a “coward” (108)
- Yankees acquire Chase Headley from Padres (108)
- Who is the next Face of Baseball? (96)
- David Ortiz passes Carl Yastrzemski on the all-time home run list — is he a Hall of Famer? (92)